Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
Crypto mining's environmental impact continues to raise concerns with regulators and businesses alike.
New York businesses ask governor to deny permits for crypto mining
Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology.
The future of the vast oil and gas industry depends on blockchain
The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000.
Canadian city plans to supply residents’ heat using Bitcoin mining
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Too early to talk about using crypto for oil trading, says Putin
Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action.
Canadian Bitcoin mining firm Link Global faces $5.6M penalty
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility.
El Salvador president teases geothermal Bitcoin mining farm
A blockchain-based project plans to build renewable power projects with funds raised from the ICO.
This project wants its crypto token to be the source of renewable energy creation